Arvind SmartSpaces Limited, established in 2008 as a subsidiary of Arvind Limited, is a prominent real estate developer based in Ahmedabad. The company specializes in premium residential, industrial, commercial, and hospitality projects across major cities like Ahmedabad, Bengaluru, and Pune.
The company has recently announced an agreement to develop an expansive industrial park in Ahmedabad, Gujarat, covering a vast 440 acres, with an impressive potential revenue of ₹1,350 crore.
This major project, located on NH47 along the Bavla-Bagodara Road, will be developed under a joint model with a 70.5% revenue share. Once completed, it will be one of Gujarat’s largest industrial parks, offering an integrated ecosystem to support business growth.
Key features include a Common Effluent Treatment Plant (CETP), Zero Liquid Discharge (ZLD), housing for workers and executives, weighbridges, logistics zones, and more.
Kamal Singal, Managing Director and CEO of Arvind SmartSpaces expressed excitement about expanding their portfolio in Ahmedabad with the introduction of a major industrial park, bringing the company’s total projects in the region to 77 million square feet.
The company aims for over ₹3,850 crore in new business this year and plans to expand into high-growth markets like the Mumbai Metropolitan Region, Bengaluru, and Ahmedabad, solidifying its national footprint of 78 million square feet and strong presence in cities such as Ahmedabad, Gandhinagar, Bengaluru, and Pune.
Arvind SmartSpaces reported strong financial results for Q2 FY25, with net profit rising to ₹42.60 crore from ₹10.83 crore in Q2 FY24. Total income increased to ₹269.28 crore, up from ₹75.27 crore a year earlier. Bookings grew 26% year-on-year to ₹464 crore, while collections stood at ₹249 crore.
Net debt rose to ₹195 crore from ₹58 crore in the previous quarter, indicating improved financial health. The company also expanded its portfolio with a new high-rise project in Bengaluru, projected to generate ₹600 crore in revenue.
At 3:02 PM today, on January 28, 2025, Arvind Smartspaces Ltd shares traded at ₹684.90 per share on the NSE.
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Published on: Jan 28, 2025, 3:29 PM IST
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